$SHIB Comprehensive analysis of Shiba Inu (SHIB):
Current price and performance of the currency:
Currently, the price of Shiba Inu is hovering around $0.00002, with slight increases recorded during the current month by about 35%, reflecting the growing interest in it amid a positive climate in the cryptocurrency market. However, the coin is still far from its all-time high of $0.000088 recorded in October 2021.
Reasons why it does not rise like other currencies:
1. High supply pressure: Shiba has a huge number of coins in circulation (over 500 trillion), which makes it more difficult for its value to rise compared to other coins with a limited supply.
2. High Speculation: Shiba is considered a “meme” coin, so its performance depends heavily on social trends and speculation rather than clear practical use.
3. Weak positive impact of projects: Despite the launch of projects such as Shibarium (the second layer network), these developments have not yet had the desired impact in pushing the currency to a significant rise.
Future predictions:
• 2024: Shiba is expected to benefit from technical developments such as the Shibarium platform and integration with other technologies. The price could reach levels between $0.000027 to $0.000055 if the positive trends continue.
• 2025 and beyond: If its ecosystem continues to develop, such as the metaverse and non-fungible tokens (NFTs), it may achieve even greater heights, with expectations of reaching levels of $0.000065 in 2027 and $0.00078 in 2030 in the best-case scenario.
Top News:
• Complete the development of the Shibarium platform and increase the number of actual users.
• Investor interest in projects related to non-fungible tokens.
• A significant rise in market indicators such as the “Greed and Fear Index”, which reached “extreme greed” levels, indicating positive sentiment towards digital currencies in general.
